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0.1  /  0.11%


NAV on 2021/09/16
NAV on 2021/09/15 94.4834
52 week high on 2021/06/10 95.8988
52 week low on 2020/10/06 88.0138
Total Expense Ratio on 2021/06/30 0.46
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change 0.94% 0.94%
3 month change -0.61% 1.52%
6 month change 2.78% 7.32%
1 year change 3.33% 12.55%
5 year change -0.32% 8.26%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Fixed Interest 0.00 0.00%
Liquid Assets 4.07 0.15%
SA Bonds 2775.02 99.85%
  • Top five holdings
U-SBKIMM 0.00 0%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
ISIN code:
Short name:
South African--Interest Bearing--Variable Term
JSE ASSA All - Bond Non-TR Clean Price Index



  • Fund management  
Ryan Basdeo
After beginning his career as a financial accountant in the employee benefits industry, Ryan joined STANLIB Asset Management in their Institutional Pricing team in 2008. He got experience in the Offshore Trades Processing team from 2010, before moving on to Alternative Investments as market maker for the ETFs and executing trades for the index-tracking funds, as well as assistance with portfolio management. He was appointed a Portfolio Manager in 2017. Ryan has a BCom in Taxation degree, is a JSE Registered Securities Trader, as well as a Registered Bond Trader and has been awarded a MBA from Wits Business School.
Ann Sebastian
Possessing a very strong academic record and a passion for financial markets, Ann joined the Beta Quants team in 2012. As a quantitative analyst, she specialises in asset allocation, portfolio construction, investment risk management and multi-factor risk modelling. She is currently a Portfolio manager at STANLIB Index Investmentsresponsible for the management of R 22 billion across quantitative enhanced index funds, smart beta funds, completion strategies and index tracking fund across a number of asset classes. Ann studied at Wits University, where she took a BSc in Mathematical Sciences with double majors in Pure Mathematics and Economic Sciences. She then went on to do her BSc honours degree studying Advanced Mathematics of Finance. She is currently studying towards a MSc in Statistical Science from UCT where her thesis covers 'Tactical Asset Allocation with Flexible Investor Views'.

  • Fund manager's comment

1NVEST ALBI (Non-Tr) index Tracker Fund - Dec 19

2020/03/02 00:00:00
The review of the JSE All Bond Index in the last quarter saw TN20 and E170 being deleted from the index. The fund performed in line with the Index. The R186 Government bond remained the largest bond in the fund and its yield increased from 8.09% (as at end of June) to 8.32%, as at end of September. The modified duration of the bond moved from 5.28 in June to 5.02 in September. The yield of the fund increased from 8.98% to 9.18% over the quarter. The modified duration of the fund decreased from 7.13 to 7.06 over the quarter.
  • Fund focus and objective  
The portfolio will invest in all bonds that are represented in the JSE ASSA All - Bond Non-TR Clean Price Index. The portfolio may hold cash investments as well as bonds. The portfolio will hold the constituent bonds of the JSE ASSA All -Bond Non-TR Clean Price Index in the correct weightings, as far as possible. The portfolio may differ from the index from time to time due to liquidity constraints of the underlying bonds.The portfolio may also hold listed derivatives from time to time, to effect efficient portfolio management.The portfolio will not invest in off-shore investments.For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the fund in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out.

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